Latest Lending - UCC Topics

What if a lien is mis-filed?

03/05/2001

My question concerns the filing of a UCC1. We have had a UCC search performed by an attorney in a farmer's county of residence, which doesn't show anything outstanding other than our lien, but the farmer listed another lender as lienholder on some of his equipment on his financial statement. I think the other lender may have filed in the wrong county. UCC law states that a filing made in good faith in an improper place is effective against any person who has knowledge of the contents of such financing statement. Do you know of any court cases that address this issue?

Breach of the Peace - Are Punitive Damages Possible

01/01/2001

LENDING: Revised Article 9

01/01/2000

Article 9 links/Revised Article 9 Links

01/01/2000